Monday, March 30, 2009

China powers up fresh investment for clean tech projects

"The Chinese government has announced two major new initiatives to bolster its fast emerging clean tech sector, pledging to invest up to $3bn in demonstration projects and launching new incentives for solar photovoltaic (PV) projects.

According to reports, the Ministry of Science and Technology announced it is to invest between $1.5bn and $3bn in 60 clean tech demonstration projects designed to cut emissions and improve energy efficiency..."

Saturday, March 14, 2009

IBM jumps into water, long-term infrastructure markets

"IBM is tapping into the Obama buzzword: Infrastructure. And it’s a move that could prove lucrative not only during a sour economy but for generations thereafter.

In this case, it’s water that the company is diving into. The company is launching a new line of water services today, according to news reports. The company said that the water-management services market could be worth $20 billion in five years.

I don’t claim to be an expert in things like water management, power grids, traffic patterns and so on. But I do know that there are some processes - even something as simple as reading residential gas, electric and water meters - that could definitely benefit from a tech makeover...."

Monday, March 9, 2009

Stimulating a Cleaner Environment

"New York's water infrastructure will receive critical investments, thanks to the stimulus package. The state will receive $435 million from the Clean Water State Revolving Fund and another $85 million from the Drinking Water State Revolving Fund. Along with a recent court decision upholding the federal Environmental Protection Agency's approval of the city's plan to keep its drinking water clean and safe, these funds should benefit all New Yorkers who use our tap water..."

Wednesday, March 4, 2009

Chevron Ventures Looking To Dip Toes Into Water Investment

"SAN FRANCISCO -(Dow Jones)- Chevron Technology Ventures, the venture capital investment arm of energy giant Chevron Corp. (CVX), is considering investing in a technology to clean up polluted water at Canadian oil fields, Clean Technology Insight has learned.

(This story also appeared in Clean Technology Insight, a daily newsletter and information resource published by Dow Jones & Co.)

The San Ramon, Calif.-based unit manages more than $250 million in investments in developing technologies that have the potential to improve the efficiency of Chevron's operations and to provide growth opportunities.

"Both the availability of water and the ability to discharge good clean water after its use is increasingly critical in many [oil] production and refining operations," Mike Brooks, venture executive with Chevron Technology Ventures, said in an interview on the sidelines of the CleanTech Forum in San Francisco this week...."